Women's Personal Finance Wednesday Roundup

Women’s Personal Finance: Wednesday Roundup January 5, 2022

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Welcome to the Women’s Personal Finance Wednesday Roundup! We started this series back in 2018 on TreadLightlyRetireEarly.com to showcase the fabulous women in the online personal finance community who are talking about money online. Even now, there is a perception that women aren’t good with money, don’t care about money, or don’t understand it on a granular level beyond perhaps knowing how to coupon and score a good shopping deal.

These roundups are our way of doing a small part to change that perception. There is no shortage of women online doing their part to make it clear that they DO understand money, and these posts are meant to amplify that fact.

Why does it matter? Because representation matters. Because reading and hearing stories from those who (may or may not) look like us show us that yes, we too can figure out this money thing, that we too have important stories to tell. And that we too know quite a lot about money and are experts worth listening to.

Since Women’s Personal Finance has grown up to get its own website, it’s time to transition these roundups over here to the dedicated website. Same great content, new home!

Our Women’s Personal Finance Facebook group on Facebook also has a sharing thread on Fridays, and that’s the place to read all the blog posts written by members over the previous week. If you’re looking for more articles written by women, that’s a great place to continue reading (plus we have plenty of great discussions on finances the rest of the week as well!).

If you don’t have the time or inclination to go searching down myriad posts, though, we will be continuing this series every week to showcase some of the best of the new content we read. If you ever read a post you think we absolutely need to consider for this roundup, please let us know! We are always open to reading new blogs and want to celebrate those newer voices as well as the more seasoned ones.

And with that, here is the best (in our opinion) content by women and nonbinary folks this past week. Let us know what you think in the comments! We love discussion.

Women’s Personal Finance Weekly Roundup #30 (Actually, 167)

1. What is Dollar Cost Averaging? Taking the Emotion out of Investing Gen Y Money

What is dollar cost averaging, you ask? This post will explain exactly what dollar cost averaging is, what the benefits and drawbacks are, and whether lump sum investing or dollar cost averaging comes out ahead.

In my humble opinion, to dollar cost average is the best way to invest your money into the stock market. It takes out the risk, it takes out the emotional turmoil of how the market is performing, which leads to indecision, and eventually leads to not investing and inaction.”

2. Personal Finance Advice Without Nuance Is Just Dangerous Rich Frugal Life

“The problem with the lack of nuance in social media, especially when it comes to personal finance, is that a lot of people use social media as their primary source of information. That means when someone with 50,000 followers says you should always (or never) do XYZ, their followers might base future decisions on that information. 

Telling someone that they should always invest, rather than pay down the mortgage is wrong. It’s just not true. Neither is it true that you should always pay down the mortgage, rather than invest. There are just too many scenarios where one option could be better than the other. And that doesn’t even take into consideration the psychological part of the equation, which is present in most financial decisions.”

3. The Results of My Anti-Frugality Experiment of 2021 Financial Mechanic

“I had a unique New Year’s resolution this year for a frugal financial blogger. While many people vow to get their spending under control, create budgets, or start investing (all very noble goals), I thought I could try something new. After living extremely frugally for years, I wanted to try something totally different: spending more.

Thanks For Supporting These Women Writers!

As always, if you’re looking for a categorized list of self identified women writing and speaking about personal finance, here is the comprehensive guide to the Women of the Financial Independence Community.

Love what we do here at Women’s Personal Finance? Want to support that effort so we can continue to do the awesome work you love? Sign up to be a Supporter / Join the Insiders Club.

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